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myLaurel Raises $12M to Scale Hospital-at-Home Services for Complex Patients
- myLaurel has raised $12 million in funding to accelerate its hospital-at-home services for complex patients, aiming to address the growing challenges in the healthcare system such as hospital bed shortages and increasing medical needs of the aging population.
- The company provides acute and transitional care directly to patients' homes, leading to significant outcomes including 33% lower ED utilization, 49% fewer readmissions, and saving 3,000+ bed days per hospital annually.
- myLaurel offers three core care models – Rapid Advanced Care, Acute Care at Home, and Recovery at Home – to cater to the needs of frail, elderly, and medically complex patients, transforming the traditional care path.
- Key investors in myLaurel's funding round include Deerfield, GV, Emerson Collective, Ochsner Ventures, Pinta Partners, and management, bringing the total funding raised to $119.4 million.
- The company's business model focuses on delivering on-demand acute and transitional care at home, partnering with health systems, provider groups, and payers to improve outcomes, reduce hospitalizations, and enhance patient experience.
- The inspiration behind myLaurel stems from the personal experience of CEO Juan Vallarino, seeking a better way to care for patients after witnessing his father's frequent emergency department visits.
- myLaurel differentiates itself as a technology-enabled mobile medical group, providing in-home care with skilled clinicians, remote physicians, and nurses, while putting fees at risk to ensure outcomes and ROI for clients.
- The company targets health systems and risk-bearing organizations, offering services that aim to reduce costs, improve efficiency, and shift care from hospitals to the home, aligning incentives through bundled payment models.
- In the next six months, myLaurel aims to drive increased patient volume, deepen partnerships, expand to new markets, and build a strong clinical team to support scalable care, paving the way for national expansion.
- With an emphasis on efficiency, delivering measurable value, and driving real outcomes, myLaurel's innovative approach to healthcare delivery positions it for continued growth and success in the near term.
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